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Nobia Q2 profit climbs 37.0% YOY

4912001 said its second-quarter normalized net income amounted to 1.43 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.56 kronor per share.

EPS climbed 36.4% year over year from 1.05 kronor.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 240.6 million kronor, an increase of 37.0% from 175.6 million kronor in the year-earlier period.

The normalized profit margin rose to 6.7% from 5.8% in the year-earlier period.

Total revenue increased 18.9% on an annual basis to 3.58 billion kronor from 3.01 billion kronor, and total operating expenses increased 17.0% from the prior-year period to 3.17 billion kronor from 2.71 billion kronor.

eported net income grew 39.2% from the prior-year perio Nobia AB.